(Washington, DC) — President Biden says the U.S. is banning Russian oil imports as gas prices soar. The President made the announcement as Russia wages a nearly two week long war in Ukraine. There had been growing pressure to enact such a ban.
Biden Warns Of Higher Gas Prices With Russian Oil Ban
(Washington, DC) — President Biden warns gas prices in the U.S. will keep rising. Today, Biden announced a U.S. ban on Russian oil imports as the Ukraine invasion grows bloodier. He noted that Russian oil makes up only a small part of the oil available to the U.S. However, Biden warned the move will likely cause U.S. gas prices to rise even more. Gas prices are now the highest they’ve ever been, up to four-dollars and 17-cents a gallon today. The White House has been under increasing bipartisan pressure to halt all Russian energy imports
Biden Imposes U.S. Ban On Russian Oil Imports
(Washington, DC) — President Biden is imposing a U.S. ban on Russian oil imports. Speaking from the White House, Biden called it another powerful blow to Russia during its ongoing invasion of Ukraine. He noted that Russian oil makes up only a small part of the oil available to the U.S. However, Biden warned the move will likely cause U.S. gas prices to rise even more. He warned that oil companies should not exploit the situation by price gouging and profiteering.
Biden promoted his administration’s push to become energy independent through clean energy, including electric vehicles. He said the nation should be racing toward that objective. The President has been under growing, bipartisan pressure to impose the ban on oil imports from Russia. Last week, House Speaker Nancy Pelosi said — “Ban it!” Biden said sweeping global sanctions are having a devastating impact on Russia’s economy, causing it to “crater.”
